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BRIEF-SocGen selling Splitska Banka to OTP Bank, deal to boost its capital ratios
December 21, 2016 / 7:09 AM / 10 months ago

BRIEF-SocGen selling Splitska Banka to OTP Bank, deal to boost its capital ratios

Dec 21 (Reuters) - Societe Generale :

* Definitive agreement with OTP Bank to sell Splitska Banka (SGSB), its fully owned subsidiary in Croatia.

* Societe Generale says Splitska Banka deal to have an impact of around -240 million euros on the group’s 4th quarter 2016 earnings

* Societe generale says Splitska Banka deal will generate at completion a positive impact on the group’s financial ratios (CET1 + 8.5 bps). Source text for Eikon: Further company coverage:

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